Key Developments: New World Development Co Ltd (0017.HK)

0017.HK on Hong Kong Stock

9.88HKD
22 Aug 2014
Price Change (% chg)

HK$0.02 (+0.20%)
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HK$9.86
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Latest Key Developments (Source: Significant Developments)

New World Development Co Ltd updates on disposal of 23.6 pct interest in CSL New World Mobility Limited
Monday, 5 May 2014 04:25am EDT 

New World Development Co Ltd:Refers to the announcement made on Dec. 20, in relation to the proposed disposal of 23.6 pct interest in CSLNW to HKT.Says all of the conditions precedent to completion of the proposed disposal have now been satisfied.As contemplated by the share purchase agreement, completion will take place on a date to be specified by HKT not being earlier than the second business day, and not later than 15 business days, from May 02.  Full Article

New World Development Co Ltd's board declares interim dividend
Tuesday, 25 Feb 2014 11:20pm EST 

New World Development Co Ltd:To pay interim dividend of HK$0.12 per share for the financial year ending June 30 to shareholders registered on March 24.  Full Article

New World Development Co Ltd Resolves To Recommend Final Dividend
Thursday, 26 Sep 2013 12:18am EDT 

New World Development Co Ltd announced that the Board has resolved to recommend to the shareholders of the Company at the annual general meeting of the Company to be held on November 19, 2013 (2013 AGM) a final dividend of HKD0.30 per share (2012: HKD0.28 per share) comprising a cash dividend of HKD0.01 per share (which is being paid in order to ensure that the shares of the Company continue to qualify as Authorised Investments for the purpose of the Trustee Ordinance of Hong Kong) and a scrip dividend by way of an issue of new shares equivalent to HKD0.29 per share with a cash option to shareholders registered on November 22, 2013. Together with the interim dividend of HKD0.12 per share paid in May 2013, total distribution for 2013 would thus be HKD0.42 per share (2012: HKD0.38 per share). Full details of the scrip dividend will be set out in a letter to be sent to shareholders together with a form of election for cash on or about November 26, 2013. It is expected that certificates for the scrip shares and dividend warrants will be posted to shareholders on or before December 31, 2013.  Full Article

New World Development Co Ltd Proposes Spin-Off And Separate Listing Of Certain Of Group’s Hotels In Hong Kong On Stock Exchange Of Hong Kong Limited
Tuesday, 11 Jun 2013 05:04am EDT 

New World Development Co Ltd announced that with reference to the earlier announcement relating to the Proposed Spin-off. The Board wishes to emphasise that, notwithstanding this announcement of the basis of the Assured Entitlement of Qualifying Shareholders to the Share Stapled Units in the Preferential Offering, the implementation of the Proposed Spin-off and the Global Offering is subject to, among other things, the approval of the Stock Exchange and the final decision of the Board and of the boards of directors of the Trustee-Manager and NWHICL as to whether or not to proceed with the Proposed Spin-off and the Global Offering (which is subject to market conditions and pricing). The Board will only proceed with the Proposed Spin-off if the Board considers that the price of the Share Stapled Units which can be obtained under a Global Offering is such that proceeding with the Proposed Spin-off on those terms would be in the interests of the Company and the Shareholders as a whole. . If the Proposed Spin-off and the Global Offering do not proceed for any reason, the Preferential Offering will not proceed  Full Article

New World Development Co Ltd Gets Approval To List Hotel Assets Via Trust-DJ
Friday, 7 Jun 2013 05:24am EDT 

Dow Jones reported that New World Development Co Ltd has received regulatory approval to raise USD800 million to USD1 billion through listing its hotel assets in a trust, a person with direct knowledge of the matter said on June 07, 2013. The Company, which has businesses ranging from infrastructure to transportation, said early May that it will list three hotel assets--the Grand Hyatt Hong Kong, Renaissance Harbour View Hotel and Hyatt Regency Hong Kong, Tsim Sha Tsui--in a stapled units structure. New World Development and its controlling shareholder Chow Tai Fook Enterprises Ltd. will hold more than 50% of the stapled units after the planned listing, the companies said in a joint statement early May. HSBC Holdings PLC (HBC), Deutsche Bank AG (DB), JP Morgan Chase & Co., BOC International Holdings Ltd. and Standard Chartered Securities (Hong Kong) Ltd. are handling the New World Development transaction, people familiar with the situation said.  Full Article

New World Development Co Ltd Declares Interim Dividend
Tuesday, 26 Feb 2013 11:24pm EST 

New World Development Co Ltd announced that the Directors have declared an interim dividend for the financial year ending 2013 in scrip form equivalent to HKD0.12 per share with a cash option to shareholders registered on March 25, 2013. Subject to the Listing Committee of the Hong Kong Stock Exchange granting listing of and permission to deal in the new shares, each shareholder will be allotted fully paid shares having an aggregate market value equal to the total amount which such shareholder could elect to receive in cash and that shareholders be given the option to elect to receive payment in cash of HKD0.12 per share instead of the allotment of shares. Full details of the interim scrip dividend will be set out in a letter to be sent to shareholders together with a form of election for cash on or about April 12, 2013. It is expected that certificates for the scrip shares and dividend warrants will be posted to shareholders on or before May 22, 2013.  Full Article

New World Development Co Ltd Resolves To Recommend Final Dividend
Wednesday, 26 Sep 2012 12:30am EDT 

New World Development Co Ltd announced that the Board has resolved to recommend to the shareholders of the Company at the annual general meeting of the Company to be held on November 21, 2012 (2012 AGM) a final dividend of HKD0.28 per share (2011: HKD0.28 per share) comprising a cash dividend of HKD0.01 per share (which is being paid in order to ensure that the shares of the Company continue to qualify as Authorised Investments for the purpose of the Trustee Ordinance of Hong Kong) and a scrip dividend by way of an issue of new shares equivalent to HKD0.27 per share with a cash option to shareholders registered on November 26, 2012. Together with the interim dividend of HKD0.10 per share paid in May 2012, total distribution for 2012 would thus be HKD0.38 per share (2011: HKD0.38 per share). It is expected that certificates for the scrip shares and dividend warrants will be posted to shareholders on or before December 31, 2012.  Full Article

New World China shareholders reject NWD's $2.4 bln privatisation bid

HONG KONG, June 17 - New World China Land Ltd said its shareholders have rejected its controlling shareholder New World Development's (NWD) HK$18.6 billion ($2.40 billion) offer to take the company private.

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